Moonpig makes steady progress

Online card seller Moonpig has suffered a nasty writedown in its experiences division (comprising gifts ranging from spa breaks to adventures). The impairment caused its reported pre-tax profits to plummet from £46.4m to just £3m last year. While the company has announced its first dividend as well as a share buyback programme, this good news was also overshadowed by the fact that CEO Nickyl Raithatha, who has been in charge since 2018, will be standing down after seven “transformative years in ...